Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12422
Markets: 95969
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12422
Cryptocurrencies
55.64%
Bitcoin Share
The Coin Rise 2025-01-02 23:33:08

Terraform’s Do Kwon Pleads Not Guilty to Fraud Charges In US

Terraform’s Do Kwon Pleads Not Guilty to Fraud Charges In US

Terraform Labs co-founder Do Kwon has pleaded “not guilty” to the numerous criminal charges levied against him in the United States. This includes securities fraud and money laundering conspiracy, all brought upon him by federal prosecutors in Manhattan. Since the crypto firm plunged in 2022, Kwon has been accused of playing a major role in misleading investors. Do Kwon Misled Crypto Investors He failed to reveal the true state, stability, and security of the US dollar-pegged stablecoin TerraUSD. Instead, he informed unsuspecting investors that TerraUSD’s price slip could be addressed by an algorithm known as the “Terra Protocol.” To cover up for his deceit, Kwon allegedly allied with a high-frequency trading firm to inject millions into the ecosystem to sustain TerraUSD’s value artificially. Unfortunately, it did not turn out as he expected. TerraUSD crashed intensely and left the broader cryptocurrency industry in a huge deficit. In other words, it rippled over and led to the devaluation of Luna and widespread disruptions across the cryptocurrency market. Do Kwon’s Extradition Causes a Ruckus So far, the Terraform Labs executive has been faced with a series of legal proceedings. A few back and forth have occurred in the past few months concerning his extradition. While he committed fraud in South Korea, Kwon was arrested in Montenegro for traveling on a fake passport. Hence, many discussions have been held about his extradition. Last week, Montenegro’s Constitutional Court reportedly dismissed his appeal , citing some legal inconsistencies. For background, Do Kwon appealed his extradition to Montenegro and accused the court of procedural unfairness and violations of his rights. Montenegro Court Rules in Favour of US In the following days, Montenegro’s Justice Minister, Bojan Božović, signed off on Kwon’s extradition in favor of the US. The authorities have devoted time and resources to evaluating requests from both the United States and South Korea. As part of this review, factors like the seriousness of the crimes and the order of requests were considered. Do Kwon’s extradition add to the growing list of legal actions levied on top crypto leaders? Former FTX CEO Sam Bankman-Fried is serving his 25-year jail term at a federal prison in Mendota, California. Though he pleaded “not guilty,” his conviction could lead to an extension of his prison sentence. The post Terraform’s Do Kwon Pleads Not Guilty to Fraud Charges In US appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.64%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.